Ploutus protocol oracle configuration error resulted in a loss of approximately $390,000 in the pool.

ETH-2,67%
USDC-0,02%
BTC-0,44%

PANews February 26 News, according to BlockSec, the Ploutus protocol liquidity pool on Ethereum (0xD060…945D2) was attacked due to an oracle configuration error, resulting in a loss of approximately $390,000. The pool incorrectly linked the USDC price to Chainlink’s BTC/USD feed, causing a significant price deviation. The attacker exploited this error by collateralizing only 8 USDC to borrow 187 ETH. Blockchain data shows the attack transaction occurred in the next block after the configuration change was confirmed, indicating the attacker closely followed and exploited the configuration update.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

A whale opens 20x leverage BTC and ETH short positions, with a position value of about $80 million

Gate News said that on April 9, according to Lookonchain monitoring, a whale address opened 20x leveraged BTC and ETH short positions about 30 minutes ago. Among them, the Bitcoin short position holds 562.58 BTC, and the Ethereum short position holds 18,350 ETH; the total value of the two positions is about $80 million.

GateNews4m ago

BlackRock ETHA fund transferred nearly 20k ETH to a certain CEX Prime address

Gate News, April 9, Arkham monitoring data shows that about 50 minutes ago, BlackRock, via its Ethereum exchange-traded fund ETHA, transferred a total of 19,935 ETH worth $43.65 million to a CEX Prime address.

GateNews50m ago

SUI Will Overtake Ethereum: Mysten Labs Co-Founder Makes Bold Call

A bold statement from Mysten Labs has pushed Sui back into the spotlight, especially as the conversation around scalability and real-world crypto payments continues to evolve. The claim centers on one idea. Future financial systems will demand fast and near-free transactions, and that

CaptainAltcoin3h ago

In the past 24 hours, liquidations across the entire network totaled $232 million, with long liquidations accounting for over 60%.

Gate News, April 9, according to CoinAnk data, the total liquidation amount across the entire network over the past 24 hours reached $232 million. Of that, long liquidations totaled about $144 million, accounting for more than 60%; short liquidations totaled about $88.17 million. From the distribution by asset, the liquidation amount for Bitcoin was about $68.95 million, and the liquidation amount for Ethereum was about $35.32 million.

GateNews6h ago
Comment
0/400
No comments